Kellogg brings bold ideas to the table, and we gather the people who can affect change. The world knows us for combining the power of analytics and people. This is what we teach. This is how we equip leaders to think bravely.

Whichever program you choose, you will enjoy an unparalleled education, taught by our exceptional faculty and grounded in the unique Kellogg culture. Regardless of the path, your destination remains the same: a world-class management education.

Kellogg offers courses, such as Advanced Management Programs, to help professionals improve leadership, strategic and tactical skills and develop cross-functional understanding of organizations. Learn to overcome new challenges in a dynamic environment, to scale and work effectively on a global platform, and to build a common leadership culture.

Kellogg prepares you to meet the challenges of the global economy with an expansive, fully informed view of the world along multiple dimensions: through our curriculum, the diversity of our faculty and student body, and through our global presence. Prepare here to succeed anywhere.

The global economy is changing rapidly. Innovations and new methods of collaboration are expanding every day. These changes require leaders to think in new ways and understand the real-world application. Kellogg is at the forefront.

From day one, Kellogg students become part of a global network of 55,000 entrepreneurs, innovators and experts across every conceivable industry and endeavor. Our alumni exemplify excellence in management. They represent the advantage of the Kellogg experience.

Scott Schaefer is Professor of Finance and David Eccles Faculty Fellow at the University of Utah's David Eccles School of Business. He is also an Investigator with the Institute for Public and International Affairs at the University of Utah.

Professor Schaefer joined the Eccles School faculty in 2005. He had previously spent ten years on the faculty of the Kellogg School of Management, where he held the Richard M. Paget Chair in Management Policy from 2001 to 2005.

Professor Schaefer's research focuses on the economics of organization, with an emphasis on understanding employment relationships and decision-making inside firms. He has written extensively on executive compensation, use of stock options in compensation, and the labor market effects of employment protections such as the Civil Rights Act of 1991. His research has been published widely in top academic journals in Economics, Management, Finance and Accounting. He is a co-author of "Economics of Strategy," a leading textbook in the field of strategic management, and founder of the Utah Winter Business Economics Conference.

At Utah, Professor Schaefer teaches a variety of economics-based business courses, including core microeconomics for undergraduates, MBAs and executives. At Kellogg, Professor Schaefer developed and taught MBA electives on strategic organization design and human resource management, and led a PhD seminar on organizational economics. He received Kellogg's Sidney J. Levy Teaching Award three times and was a four-time finalist for the Lawrence Lavengood Professor of the Year Award.

Scott Schaefer earned a PhD in Economic Analysis and Policy from the Stanford Graduate School of Business in 1995. He holds a bachelors degree in economics and math from Stanford University.

Education

Ph.D., 1995, Economic Analysis and Policy, Graduate School of Business, Stanford University

Labor can be viewed as an input to firms' production processes. Labor markets are, however, very different from other input markets firms face. To manage human resources effectively, managers need to understand how and why labor markets are so unique. This course focuses on the specific properties of labor markets, and helps students develop effective strategies for managing this vital input. This course is targeted at students interested in careers as general managers, management consultants or entrepreneurs.
Topics include job-market matching, non-wage compensation and benefits, training and human capital, careers and employees' career concerns, seniority, promotions, raids and offer-matching, job-market signaling, retirement, stock-option based pay, CEO compensation, up-or-out systems, discrimination in labor markets, goals and methods of labor unions, and more.
Teaching methods include a mix of case discussion and lectures. Evaluation will be based on group work (problem sets and a project) and individual exams.

Advanced Business Strategy (MGMT-943-0)

This course counts toward the following majors: Management & Strategy.

This course is targeted at students who see competitive strategy as important in their post business school careers. It applies advanced ideas from economics toward informing critical decisions that firms face, including which industries to enter and exit, what parts of value chains to participate in, how to shape an industry's competitive environment in a beneficial manner, and how to shape the firm's internal organization to fit its competitive context. Along with reinforcing and extending ideas introduced in MGMT 431 and other courses, the course will teach and utilize ideas toward informing strategies in contexts that are analytically more complex, such as contexts where dynamics, network externalities, and incentives are important. The course will do so both through traditional lectures and case discussions, as well as through “workshop” sessions that help students through key steps in the development and communication of strategic analysis.

Executive MBA

Capstone Course (MGMTX-470-0) Capstone Course brings together disciplines students have encountered in the Kellogg Executive MBA Programs. Students develop an integrated understanding of business planning and strategy, using a computer-based management simulation (Capstone®Business Simulation) to plan and test strategies in a competitive environment.